ECBs Nagel: Core and headline inflation are decelerating

ECBs Nagel is on the wires saying:

  • Probably have to wait on the next move until September (HMMMM)
  • The wage uptake was not a surprise.
  • Core and headline inflation are both decelerating after June.

Most ECBs members are looking for a June cut but are cautious about projecting additional cuts going forward.

This article was written by Greg Michalowski at www.forexlive.com. Source